Richard Correia Sells 6,410 Shares of MoneyLion Inc. (NYSE:ML) Stock

MoneyLion Inc. (NYSE:ML) CFO Richard Correia sold 6,410 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $89.23, for a total transaction of $571,964.30. Following the completion of the transaction, the chief financial officer now directly owns 185,001 shares of the company’s stock, valued at approximately $16,507,639.23. The trade was a 3.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Richard Correia also recently made the following trade(s):

• On Friday, November 29th, Richard Correia sold 6,982 shares of MoneyLion stock. The shares were sold at an average price of $90.37, for a total transaction of $630,963.34.
• On Thursday, November 7th, Richard Correia sold 5,296 shares of MoneyLion stock. The shares were sold at an average price of $60.00, for a total value of $317,760.00.

MoneyLion Trading Down 1.2 %

Shares of MoneyLion stock opened at $85.81 on Wednesday. The company has a fifty day simple moving average of $57.67 and a 200-day simple moving average of $62.61. MoneyLion Inc. has a 12-month low of $36.65 and a 12-month high of $106.82. The stock has a market cap of $952.49 million, a price-to-earnings ratio of 390.36 and a beta of 3.08.

Analysts Set New Price Targets

Several equities research analysts have weighed in on ML shares. Northland Capmk upgraded MoneyLion to a “strong-buy” rating in a report on Wednesday, October 16th. Northland Securities upped their target price on shares of MoneyLion from $80.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Needham & Company LLC reiterated a “buy” rating and issued a $100.00 price target on shares of MoneyLion in a research note on Tuesday, November 26th. Oppenheimer upgraded shares of MoneyLion from a “market perform” rating to an “outperform” rating and set a $80.00 price target for the company in a report on Thursday, November 7th. Finally, Cantor Fitzgerald upgraded shares of MoneyLion to a “strong-buy” rating in a report on Thursday, October 3rd. Six analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $97.86.

Institutional Trading of MoneyLion

A number of hedge funds and other institutional investors have recently made changes to their positions in ML. Covestor Ltd increased its holdings in shares of MoneyLion by 63.6% in the 3rd quarter. Covestor Ltd now owns 656 shares of the company’s stock valued at $27,000 after acquiring an additional 255 shares during the period. Point72 DIFC Ltd acquired a new stake in MoneyLion in the third quarter valued at about $40,000. FMR LLC lifted its holdings in shares of MoneyLion by 154.6% in the 3rd quarter. FMR LLC now owns 1,049 shares of the company’s stock valued at $44,000 after buying an additional 637 shares during the period. Fiducient Advisors LLC acquired a new stake in MoneyLion in the second quarter valued at $204,000. Finally, Commonwealth Equity Services LLC purchased a new stake in MoneyLion during the second quarter worth about $227,000. Institutional investors and hedge funds own 31.43% of the company’s stock.

About MoneyLion

MoneyLion Inc, a financial technology company, provides personalized products and financial content for American consumers. The company's platform offers access to banking, borrowing, and investing solutions for customers. Its principal products include RoarMoney, an insured digital demand deposit account; Instacash, a cash advance product that gives customers early access to their recurring income deposits; Credit Builder Plus membership program; MoneyLion Investing, an online investment account that offers access to separately managed accounts invested based on model exchange-traded fund portfolios; Roundups, which provides features designed to encourage customers to establish good saving and investing habits; and MoneyLion Crypto, an online cryptocurrency account.